Economy

U.S. Factory Output and Automobile Sales Improve

U.S. Factory Output and Automobile Sales Improve

U.S. Factory output and automobile sales registered healthy improvement during June. The latest industry data indicates improvement in the U.S. economy after signs of weakness noticed earlier this year. The automobile sector registered strong growth as the demand for SUVs and pickup trucks remained strong in June.

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Payday Loans require better regulation: Report

Payday Loans require better regulation: Report

Internet has become a great medium to find out clients for payday loans. Authorities are closely watching the situation. It can also become a way to regulate the worst abuse of payday loans. Payday loans are not unique to the United States, inform economic experts.

Financial problems push Sport Chalet towards closure

Financial problems push Sport Chalet towards closure

Sporting goods chain Sport Chalet has finally decided to close its operations due to mounting losses and lower sales. The sporting goods chain which opened in 1959, is facing financial issues at running its 47 stores and the management has decided to close its online sales operation as well.

Job cuts are necessary to meet financial hurdles: Auburn Manager says

Job cuts are necessary to meet financial hurdles: Auburn Manager says

Jobs cuts in Auburn’s various key departments are indispensable to meet financial hurdles heading into the next financial year, City Manager Howard Kroll said.

The list of positions being proposed to be cut in the city’s budget under review includes fire chief, fire planner as well as public services planner. A custodian job and a city electrician position are also facing axe along with at least three vacant spots.

Augusta Regional Airport access road expected to boost local economy

Augusta Regional Airport access road expected to boost local economy

An access road that is currently under construction at Augusta Regional Airport is expected to create opportunities for big companies and bring hundreds of new jobs to the Garden City.

The stretch of the Augusta Regional Airport access road is less than one mile in length, but officials believe that it will lead to more than 100 acres of land that would provide businesses with new opportunities.

More than 100 sugarhouses participate in Maine Maple Sunday

More than 100 sugarhouses participate in Maine Maple Sunday

More than one hundred sugarhouses across the state of Maine opened their doors for people to enjoy sweet maple treats on the fourth Sunday of March, commonly called Maine Maple Sunday.

Maine Maple Sunday is a popular tradition and the state is one of the largest maple syrup producers in the United States, with capability of adding more than $30 million to the economy every year.

Maine’s civilian labor force on the decline

Maine’s civilian labor force on the decline

The Maine Department of Labor on Friday released fresh unemployment data showing a significant decline in the state’s civilian labor force over the past couple of years that ended in February.

Fresh stats show a 4 per cent decline in Maine’s civilian labor force over the two-year period, and a 5 per cent decline from the state’s recent high recorded in August 2013. It may be noted here that the labor force is the pooled number of workers and job-seekers.

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